Vistance Networks, Inc.

Filing receipts

“For the three months ended March 31, 2026, Aurora segment operating income and adjusted EBITDA increased compared to the prior year period primarily due to higher sales volumes and lower R&D costs, partially offset by lower pricing, higher SG&A and input costs and unfavorable product mix.”

“27 Gross profit, TSA income, SG&A expense and R&D expense Three Months Ended March 31, % 2026 2025 Change Change (dollars in millions) Gross profit $ 233.7 $ 197.6 $ 36.1 18.3 % As a percent of sales 49.5 % 50.9 % TSA income 1.1 8.7 (7.6 ) (87.4 ) As a percent of sales 0.2 % 2.2 % SG&A expense 109.2 108.9 0.3 0.3 As a percent of sales 23.1 % 28.1 % R&D expense 58.2 66.2 (8.0 ) (12.1 ) As a percent of sales 12.3 % 17.1 % Gross profit (net sales less cost of sales) Gross profit increased by $36.1 million for the three months ended March 31, 2026 compared to the prior year period primarily due to increased net sales volumes and lower input costs.”

“Net sales Three Months Ended March 31, % 2026 2025 Change Change (dollars in millions) Net sales $ 471.8 $ 388.1 $ 83.7 21.6 % Domestic 327.7 264.1 63.6 24.1 International 144.1 124.0 20.1 16.2 Net sales for the three months ended March 31, 2026 increased $83.7 million, or 21.6% compared to the prior year period primarily driven by increased sales volumes partially offset by lower pricing.”